Wrapping up the year, here are 2023's biggest deals in terms of investment volume per month.
SES, Luxembourg (January)
The European Investment Bank (EIB) provided SES with a €300 million seven-year term loan aimed at financing SES’s new satellites programme.
According to SES, these satellites will deliver high-speed broadband and reliable IP-based streaming services across Europe, in line with the EU Gigabit Society targets.
The SES investment marked the EIB's largest ever loan provided to a Luxembourg-based company.
PowerField, Netherlands (February)
Powerfield, a Netherlands solar company that develops, builds, and manages "virtual power stations", connecting solar farms to external storage and EV charging, clinched a €500 million structured equity and portfolio financing.
The cash injection is provided by EIG, an energy and infrastructure private equity firm, together with German bank Landesbank Baden-Württemberg.
Abound, UK (March)
London-based consumer loans-focused fintech Abound has raised over £500 million in a new funding round. The investment was to be used to “turbocharge growth of affordable loans” in the UK market.
The mixture of debt and equity funding was provided by (Debt) Citi, and clients of Waterfall Asset Management, and (Equity) K3 Ventures, GSR Ventures, and Hambro Perks.
AtlasEdge, UK (April)
European edge data centre platform AtlasEdge secured a €725 million finance facility in order to build new sites across Europe as well as fund further M&A activities.
The scalable €725 million facility (€525 million in committed debt financing and a further €200 million uncommitted accordion) was underwritten by mandated lead arranger ING Bank, as well as ABN Amro, Crédit Agricole CIB, The Bank of Nova Scotia, National Westminster Bank Plc, Banco Santander and UniCredit Bank AG.
Low Carbon, UK (May)
Climatetech Low Carbon secured £310 million via ABN AMRO, ING, the Commonwealth Bank of Australia and Intesa Sanpaolo (IMI CIB Division) to fund the construction of an additional 448MW of solar PV capacity in the UK and the Netherlands.
TagEnergy, Portugal (June)
Clean energy firm TagEnergy closed a dual currency (AU$ and €) green bond, amounting to €570 million via Copenhagen Infrastructure Partners (CIP) and GIC.
Proceeds from the bond issuance were earmarked to develop onshore wind projects, battery energy storage systems (BESS), and solar PV assets across the United Kingdom, Europe, and Australia.
LendInvest, UK (July)
London-based online marketplace for property finance LendInvest secured £500 million in post-IPO debt financing from Chetwood Financial.
The investment provided LendInvest with additional working capital aimed at accelerating growth.
Philips, NL (August)
Exor NV, the investment arm of Italy's Agnelli family, became the top investor in Philips through the acquisition of a 15 percent stake in the Amsterdam-based medical devices group in a deal valued at approximately €2.6 billion.
Arm, UK (September)
Igniting hopes of a reopening of the IPO window, Cambridge-based semiconductor company Arm raised nearly $5 billion in the year's largest IPO.
Iwoca, UK (October)
London-based small business lender iwoca secured a £200 million debt facility via Barclays and Värde Partners. The move arrived following an extension of its existing funding line provided by Pollen Street Capital in January 2023 from £125 million to £170 million.
ABB E-mobility, Switzerland (November)
Swiss technology company ABB secured a $547 million loan from the European Investment Bank (EIB) aimed at financing the development of its next-generation electrical distribution solutions, including "circuit breakers and technology that enhances building efficiency and automation"
Visma, Norway (December)
The largest privately-owned software business in Europe, and a leading provider of cloud accounting and ERP solutions to small and medium-sized businesses Visma secured around €3 billion new investment, which bring the company’s value to €19 billion.
The investment came from existing shareholders including Hg, and more than 20 new investors including Altaroc, Jane Street and NYC Retirement System.
Would you like to write the first comment?
Login to post comments